Business
Top Stocks For Investors on April 19
The stock market on Friday, April 16, gave a flat ending. This was a positive closing for the third consecutive day. However, the indices on Monday, April 19, are expected to open lower as the SGX Nifty was trading at 165.50 points or 1.13 percent down at 14,476.00 at...
Rupee Slumps 52 Paise to 74.87 Against US Dollar in Early Trade
The Indian rupee slumped 52 paise to 74.87 against the US dollar in opening trade on Monday, amid fears that a rapid resurgence of COVID-19 cases in the country could disrupt the economic recovery. Besides, the heavy selloff in domestic equities also weighed on investor sentiment. At the interbank...
Oil Drops as Surging Covid-19 Infections Stoke Demand Concerns
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was down 23 cents, or 0.3%, at $66.54 a barrel by...
Sensex Crashes Over 1,300 Points on Spiking Covid-19 Cases; Nifty Below 14,300
Equity benchmark Sensex crashed over 1,300 points in early trade on Monday, tracking massive across-the-board selloff as mounting COVID-19 cases spooked investor sentiment. The 30-share BSE index was trading 1,318.21 points or 2.70 per cent lower at 47,513.82. Similarly, the broader NSE Nifty tanked 394.90 points or 2.70 per...
Govt Approves Rs 4,500 Crore Credit to Serum Institute, Bharat Biotech
A woman holds a small bottle labeled with a “Vaccine COVID-19” sticker and a medical syringe. (REUTERS/Dado Ruvic/File Photo) The ministry has cleared a credit of Rs 3,000 crore for SII and Rs 1,500 crore for Bharat Biotech. The Finance Ministry on Monday gave in-principle nod to sanction supply...
Sensex Tanks 883 Points as Rising Covid Cases Spook Market; Nifty Below 14,400
Equity benchmark Sensex plummeted 883 points on Monday following a massive across-the-board selloff as mounting COVID-19 cases spooked domestic investors. After crashing over 1,469 points in early trade, the 30-share BSE index pared some initial losses but still ended 882.61 points or 1.81 per cent lower at 47,949.42. Similarly,...
State Bank Of India Issues Alert for Digital Transactions; Check Details Here
Amid the rising cases of coronavirus and economic uncertainty, several are losing their jobs and facing a financial crisis. Also, with everything going online, cases of cybercrimes and online frauds have also increased. Acknowledging the threat State Bank of India (SBI) has once again warned its 45 million customers...
Nirmala Sitharaman Tells India Inc Amid Covid Surge
Finance Minister Nirmala Sitharaman on Monday said she has taken inputs from various industry chambers on concerns of India Inc with regard to the management of COVID pandemic and the centre would continue to work with state governments to save lives and livelihood. She sought feedback from businesses to...
Rate Increases Marginally, Silver Remains Unchanged
Gold prices increased marginally in the country on Monday, April 19. According to Good Returns, for one gram of 22-carat gold, the rate rose by Re 1 as the cost stood at Rs 4,501 compared to Rs 4,500 on the previous day. The price of 10 grams of 22-carat-gold...
IMF Upgrades Global Growth Forecast 2021 to a Record 6%
The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecasts. The 190-country lending agency said Tuesday that it expects the...
Banks to Remain Shut on Wednesday For Ram Navami; Check List of Holidays In April
Banks in most parts of the country will remain shut on the occasion of Ram Navami on Wednesday, April 21. Rama Navami is considered as an important festival for people following the Hindu religion. The day is celebrated on the ninth day in the month of Chaitra, which is...
Bitcoin Slumps 14% to $51,541 As Pullback from Record Gathers Pace
Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday. Smaller rival...
Banks Open Today, Check the List of Holidays in April 2021
All private and public banks will remain open today, April 7, 2021, according to the Reserve Bank of India (RBI) holidays calendar. The decision to declare the specific days as holidays has been taken considering three brackets- Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act and Real...
Looking For Good Returns? Invest in These 3 Schemes: Know Features, Benefits Here
If you are someone who is looking to invest their money but are also not sure about taking the risk of the stock market and other plans, it may be tough for you to manage your investments. While shares and other liquid investments offer a higher rate of returns,...
Top stocks for Investors on April 7
The stock market on Tuesday, April 6, gave a flat ending amid a highly volatile session. The indices on Wednesday, April 7, are expected to give a higher opening ahead of the monetary policy announcement as the SGX Nifty was trading at 55.00 points or 0.37 percent up at...
Looking for Home Loan of Rs 30 Lakh? Check Interest Rates and EMI of these 10 Banks
The State Bank of India (SBI) has revised its home loan rates, hiking them by 25 basis points (bps) or 0.25% to 6.95% from 6.70% earlier. The rates were effective from April 1, the bank said on its website. The bank will also impose a consolidated processing fee. Here’s...
Flipkart Likely to Opt for Traditional US IPO Between October-December This Year: Report
Flipkart, owned by Walmart, is likely to go for an IPO between October and December this year. According to an exclusive report by Bloomberg, Walmart has set up an internal IPO team for Flipkart and is leaning toward a traditional debut in the United States The report further states...
Evidence of Normalisation of India’s Economic Activity, Says IMF Chief Economist
There is evidence of normalization of economic activities in India, IMF Chief Economist Gita Gopinath has said ahead of the annual spring meeting of the International Monetary Fund and the World Bank here. On Tuesday, the IMF projected an impressive 12.5 percent growth rate for India in 2021, stronger...
